IBM to overhaul AIB systems in €45m deal

AIB has chosen IBM to transform its core banking systems in a deal that is worth €45m over three years.

The deal will see AIB kitted out with an open and flexible platform to support future business growth.

The agreement provides the environment and services to support the i-flex FLEXCUBE for CoreBank/DB2 application software running on an IBM System z platform powered by DB2 and WebSphere software. IBM Global Services will implement the new environment at the bank.

“To support our growth plans to 2010, improve our speed to market for new product introduction and provide greater back-office integration, we are making this move to transform our core banking system using packaged core banking applications,” said Eddie Sweeney of AIB. “It is also obvious that this needs to be based on IBM’s System z platform and z/OS in order to ensure the necessary scalability, performance and reliability.”

“Banks like AIB are looking for new ways to modernise their core systems and reduce operational costs by rationalising massive server farms to more flexible and efficient systems,” said Michael Daly of IBM Ireland.

IBM recently helped AIB consolidate its data centres into two new sites which will enable the bank to minimise its data centre carbon footprint and improve resilience.